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Energy Services News

  • January 3rd, 2012

Crude Advances in New York Amid Manufacturing Expansion, Tension Over Iran

Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply. ›

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  • December 2nd, 2011

Crude Oil Rises in New York Amid Tension Over Iran, Heads for Weekly Gain

Oil rose, heading for its first weekly gain in three, as tension between Iran and the West heightened speculation Middle East supply may be threatened. ›

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  • December 2nd, 2011

European power markets face increased winter risk

Europe’s power markets will face a risk to security of supply if there are severe weather conditions this winter — defined as those which may be expected one in every 10 years to significantly increase demand or reduce supply — following the shutdown of eight nuclear reactors in Germany, the European Network of Transmission System Operators for Electricity (Entso-E) said. ›

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  • December 2nd, 2011

40% increase in gas prices expected by 2014

Gas prices are set to rocket in the next three years as demand peaks before levelling out as production exceeds demand. ›

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  • November 7th, 2011

Oil Falls From Three-Month High on Signs of European Instability

Oil declined in New York, falling from a three-month high as European equity markets declined and the euro weakened against the dollar amid concern that political instability in the region may undermine demand. ›

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  • November 4th, 2011

Oil Rises to Three-Month High as Greece Backs Down on Rescue Package Vote

Oil traded near its highest in three months in New York as signs that Europe will reach an agreement with Greece on a rescue plan reduced concern economic growth will falter and damp fuel demand. ›

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  • September 16th, 2011

Asian demand to pull up UK gas prices

UK gas prices will rise towards the end of the year to compete with a tightening liquefied natural gas (LNG) market in Asia, Bank of America Merrill Lynch said on Friday. ›

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  • September 16th, 2011

Crude Oil Heads for Fifth Weekly Advance in London on European Debt Plan

Oil headed for a fifth weekly gain in London, the longest winning streak since March, on bets that a plan to contain Europe’s debt crisis will help shore up fuel demand. ›

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  • August 23rd, 2011

Brent Rises Toward $109 as Fighting Continues in Libya

Brent crude rose toward $109 on Tuesday as fighting in Libya continued and in anticipation of a fall in U.S. crude stockpiles. ›

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  • August 12th, 2011

Oil Rises in New York as U.S. Retail Sales Climb the Most in Four Months

Oil advanced after U.S. retail sales climbed in July by the most in four months, signaling that spending in the world’s biggest crude-consuming country is holding up. ›

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